Mondi Akrosil LLC has entered into an asset agreement with Nitto Americas regarding their recently discontinued facility.
Mondi Akrosil LLC has entered into an asset agreement with Nitto Americas regarding their recently discontinued facility—to be named Mondi Kenosha—in Pleasant Prairie, Wisconsin. Thomas Schäbinger, CEO of Mondi Coatings, said that “this acquisition enables Mondi Kenosha to add nearly 4.8 billion square feet of highly competitive capacity and it will complement the existing facilities in Menasha, Wisconsin and Lancaster, Ohio.”
Mondi will purchase the 168,000 square foot building, 60 acres of land, and other outstanding assets. The new state-of-the-art facility provides ample room for expansion and is an excellent value in terms of building, land and coating assets, initially including two flexible, high-speed coating lines. Mondi intends to develop the Kenosha facility into Mondi’s leading plant for specialized release liners in the rising U.S. market and beyond.